data as of
Settings8H · net · $10k
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Funding arb /

OP

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Funding spread now, next payment 16:00 UTC+0.0004%/8h
paid, last 24h−0.030%paid, last 7 days−0.170%to open and close $10k−$62
Long on LighterShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter OP0.12630.0096pay 0.0012% / 1h7m 13s$296K$837K15x
ShortGate OP_USDT0.12610.0100get 0.0100% / 8h7m 13s$1.8M$1.8M50x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$0.84
Slippage, 4 orders
−$46.64
Fee Lighter: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$60.8
Break-even
513.7 days
Slippage from Lighter: live order book, 35 min ago; Gate: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.095%
Avg gap 7d
−0.049%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 35 min ago4.73 bp5.5 bp −$535.5 bp −$355doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago2.78 bp20.6 bp −$2164.8 bp −$648doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1440% / S +0.0291%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0296%1h$22K$90K50xas long as short
Extended OP-USD−0.0088%1h$101K$213K25xas long as short
Binance OPUSDT−0.0086%8h$21.0M$69.2M75xas long as short
MEXC OP_USDT−0.0085%8h$20.0M$8.8M300xas long as short
Orderly PERP_OP_USDC−0.0077%8h$7K$54K10xas long as short
Variational Omni OP−0.0066%8h$231K$46K—as long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$47K$200K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit OPUSDT+0.0028%8h$17.8M$28.2M75xas long as short
BloFin OP-USDT+0.0034%8h$1.1M$585K75xas long as short
OKX OP-USDT-SWAP+0.0040%8h$6.0M$33.4M50xas long as short
Aevo OP-PERP+0.0056%1h$4K—3xas long as short
Lighter OPlong+0.0096%1h$296K$837K15x
Hyperliquid OP+0.0100%1h$3.9M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$213K$469K10xas long as short
Gate OP_USDTshort+0.0100%8h$1.8M$1.8M50x
KuCoin OPUSDTM+0.0100%8h$2.8M$7.3M75xas long as short
Bitget OPUSDT+0.0100%8h$5.9M$6.5M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$133K$180K10xas long as short
edgeX OPUSDC+0.0100%4h$10K$377K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$714K50xas long as short
SoDEX OP-USD+0.0100%1h$190$5K5xas long as short
HTX OP-USDT+0.0100%8h$181K$277K50xas long as short
Kraken Futures PF_OPUSD+0.0242%1h$783K$672K20xas long as short
Injective OP/USDC PERP+0.0248%1h$25K$184K12xas long as short
Reya OPRUSDPERP+0.0431%1h$701—20xas long as short